A day after it was reported the Cowboys would release their longtime quarterback on Thursday, the first day of the NFL's new year, sources now are saying the team will instead trade the 36-year-old signal-caller.

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ESPN's Chris Mortensen reports the Cowboys believe they have a trade that will work for Romo and the team. NFL Network's Ian Rapoport also says Dallas is looking for a deal.

The Broncos and Texans are considered the leading suitors for the Cowboys' all-time leader in passing yards and touchdowns.

Mortensen also said the Broncos have been in talks to trade quarterback Trevor Seimian to the Jets.

Bears cut ties with Cutler

Jay Cutler's tumultuous eight-year run with the Bears is over.

The team released the quarterback on Thursday as the team works on a deal with free-agent Mike Glennon, the Chicago Tribune reports.

Cutler tops the Bears record books in passing yards, touchdowns and quarterback rating. He also had 139 turnovers and led the team to the postseason just once in a tenure marked by injuries and a rocky relationship with the fanbase.

More moves

Rapoport reports the Saints are nearing a "big-money" deal with defensive tackle Nick Fairly, who had 6.5 sacks and 43 tackles in 2016.

The Patriots will sign former Bill cornerback Stephon Gilmore to a five-year deal and keep defensive tackle Alan Branch on a two-year agreement, according to ESPN's Adam Schefter.